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Energy

Providing perspective and contextual insights on the financial aspects of the Energy industry within the state of Utah, from fossil fuels to renewables, as well as infrastructure and storage.

Utah's Top 16 Business "News Nuggets" for September 01—22, 2023.

Utah's Top 16 Business "News Nuggets" for September 01—22, 2023.

AUTHOR'S NOTE: Clearly, not every news announcement deserves to be the top story of the day. Nevertheless, many news items are still significant and should be acknowledged as such. This is why we regularly take time to bundle a number of these announcements into semi-regular write-ups focused on

ICYMI: Utah's Top Eight Money Stories from the Second Half of August 2023

ICYMI: Utah's Top Eight Money Stories from the Second Half of August 2023

From the death of one of Utah's top inventors / technologists to an apparent new record set by Utah-HQ'd firms, we deliver our perspectives on each of the Top 8 Money Stories in Utah for second half of the month (August 16th through the 31st). AUTHOR'

Dominion Energy Agrees to Sell Questar to Enbridge for $4.3 Billion

Dominion Energy Agrees to Sell Questar to Enbridge for $4.3 Billion

Virginia-based Dominion Energy (NYSE:D) announced yesterday it is selling Questar to Calgary, Alberta-based Enbridge (NYSE:ENB) for $4.3 billion* ($3.0 billion in cash and $1.3 billion in assumed debt). According to Enbridge's Form 8-K filing with the U.S. Securities and Exchange Commission, Dominion

Salt Lake City-based Maverik Completes its Acquisition of Kum & Go and Solar Transport from Krause Group for a Reported $2.25 Billion

Salt Lake City-based Maverik Completes its Acquisition of Kum & Go and Solar Transport from Krause Group for a Reported $2.25 Billion

In under four months, Maverik — Adventure's First Stop, has more than doubled in size by acquiring the over 400 locations of Kum & Go, a midwestern fuel/convenience store chain producing $3 billion in annual revenue. Additionally, Maverik also acquired Solar Transport in the same transaction, a 60-year-old

ICYMI: Utah's Top Seven Money Stories from the First Half of August 2023

ICYMI: Utah's Top Seven Money Stories from the First Half of August 2023

From the $4 million "special" funding of ChartSquad to our discovery of PCF Insurance Services - Utah's hidden 5X insurance industry "Unicorn" - we deliver our perspectives on each of the top 7 money stories in Utah for first half of the month (August

ICYMI: The Top Seven Stories from the Second Half of July 2023

ICYMI: The Top Seven Stories from the Second Half of July 2023

From the potentially cranky/helpful rant of a seasoned communications pro to a surprising $43 billion figure shared by BofA Securities, we deliver our perspectives on each of the top 7 money stories in Utah for second half of the month (July 16th through the 31st). Welcome to August, the

EnergySolutions Enters a $60 Million "Stalking Horse" Agreement to Acquire Certain Assets from Williams Industrial Services Group in Chapter 11 Bankruptcy Proceedings

EnergySolutions Enters a $60 Million "Stalking Horse" Agreement to Acquire Certain Assets from Williams Industrial Services Group in Chapter 11 Bankruptcy Proceedings

In summary, Williams Industrial is seeking Chapter 11 protection with the Bankruptcy Court. As part of this filing, EnergySolutions has agreed to purchase various assets from Williams Industrial for $60MM, pending the Court's approval. However, approval of the deal may take two months or longer. Salt Lake City